Cement News tagged under: USA
CRH completes Hunter plant and Texan ready-mix acquisitions13 February 2024, Published under Cement NewsCRH has completed the US$2.1bn acquisition of Martin Marietta Materials Inc in Texas, USA. The deal was first announced on 21 November 2023 and the combined assets are expected to generate a pro-forma EBITDA of around US$170m for 2023. The acquisition includes the 2.1Mta Hunter cement plant, 20 ready-mix assets with a capacity of 1.6Mm 3 and a network of terminals along the Eastern Gulf Coast of Texas. |
Monarch Cement embarks on groundbreaking solar project06 February 2024, Published under Cement NewsUS-based Monarch Cement Co and Evergy Energy Solutions are collaborating on a groundbreaking solar project that is expected to serve as a model for the cement industry’s use of renewable energy. With the capacity to generate 20MW of clean electricity, the project is designed to offset a significant portion of Monarch’s energy consumption, reducing greenhouse gas emissions. The solar project, which will be located on Monarch’s property in Humboldt, Kansas, will pair state-of-the-art sol... |
Eagle Materials reports record revenue in 3QFY23-2401 February 2024, Published under Cement NewsUS-based Eagle Materials has reported record revenue of US$558.8m in the third quarter of FY23-24 (3QFY24), ended 31 December 2023, marking a nine per cent increase YoY. The results come despite “a backdrop of shifting, albeit constructive, market conditions as interest rates moved materially lower during the latter half of the quarter,” said Michael Haack, president, Eagle Materials. Adjusted EBITDA was up 10 per cent YoY to US$218.6m, while the company also reported record net earnings o... |
Eco Material Technologies enters ash agreement in Alabama30 January 2024, Published under Cement NewsEco Material Technologies has announced it will be collaborating with Alabama Power, a subsidiary of Southern Company, to harvest millions of tonnes of stored ash from Plant Barry, a coal- and natural gas-fired electrical generation facility located in Bucks, Alabama, USA. According to Stock Titan, the ash will be used in concrete blends to repair and construct bridges, roads, and buildings in Alabama, Mississippi, Florida, and Louisiana, reducing dependence on imported materials. T... |
Holcim US collaborates on membrane CC technology26 January 2024, Published under Cement NewsHolcim US, Ohio State University and GTI Energy are joining forces to design, build and test a cost-effective membrane carbon capture technology, funded in part by the US Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) with cost share contributions from Holcim. Groundbreaking membrane technology from Ohio State will be employed in the project, targeting the capture of 95-99 per cent of CO 2 from cement kiln gas with a purity exceeding 95 per cent and lower ener... |
Holcim partners with Greentown Labs to accelerate climate tech for sustainable building19 January 2024, Published under Cement NewsHolcim is entering a partnership with Greentown Labs, the largest incubator of climate tech start-ups in North America, to accelerate open innovation for the decarbonisation of the built environment. The premium “Terawatt” partnership with Greentown, with incubators in Somerville, Massachusetts, and Houston, Texas, gives Holcim prime access to promising start-ups focussed on innovative and sustainable building solutions. Through it, Holcim aims to become an early adopter of cutting-edge te... |
Red Sea crisis on Pakistan’s cement industry18 January 2024, Published under Cement NewsPakistan closely monitors the Red Sea crisis as it could disturb the movement of cement export cargoes to the USA and Europe as well as affect coal imports at Pakistani ports. It is also feared that any trade re-route would spark new inflation and supply chain disruption worldwide and in Pakistan. IMS Research, in a situation review report, warned that escalating tensions in the Middle East have begun to exert a notable influence on global trade, with Yemeni Houthi actions targeting commerc... |
Decarbonised Cement and Concrete Alliance to accelerate low-carbon solutions18 January 2024, Published under Cement NewsThe Decarbonised Cement and Concrete Alliance (DC2) is a new US-based coalition dedicated to growing awareness around policies that will accelerate the adoption of novel carbon-reducing solutions in infrastructure. DC2 is formed of 10 companies advancing new technology to reduce emissions in cement and concrete: Biomason, Blue Planet Systems, Brimstone, CarbonBuilt, Chement, Fortera, Minus Materials, Queens Carbon, Sublime Systems, and Terra CO 2 . Member companies are all focussed on del... |
Summit completes deal with Argos USA16 January 2024, Published under Cement NewsSummit Materials has successfully completed its US$3.2bn combination with Argos North America Corp, the US operations of Cementos Argos SA . The combined company will be known as Summit Materials with Argos holding around a 31 per cent share. “Today, we are excited to begin a new chapter at Summit Materials,” said Anne Noonan, Summit Materials' president and CEO. “As we transition into the integration phase, I want to start by welcoming our new Argos colleagues into the Summit family.... |
Continental Cement Co chooses CemAI16 January 2024, Published under Cement NewsCemAI Inc has teamed up with Summit Material subsidiary Continental Cement Company LLC to install CemAI's predictive and prescriptive maintenance solution at the cement producer's Hannibal plant in Missouri. The project combines a unique licensed software with a continuous monitoring and incident resolution service to further enhance the plant's cement manufacturing performance. The CemAI solution uses Continental Cement's existing historical and real-time manufacturing data and appli... |